Russian Oil And OPEC Price Policies

The following is a presentation by Dr Fadhil Chalabi, Executive Director, Centre for Global Energy Studies, made at the CGES Russian Oil And OPECs Policies seminar held in London on 15 March 2004.

The Soviet Union began to enter the world market as a net exporter of oil by the end of the 1950s, a development that, at that time, had an important impact on the spot market price of oil, given that new Russian oil...